📚 Learning Guide
Performance Impact of Lean Startup
easy

What is the primary benefit of conducting market validation in the Lean Startup methodology?

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Choose the Best Answer

A

To increase product development time

B

To confirm customer needs before investing in product development

C

To reduce customer feedback

D

To eliminate the need for a business model

Understanding the Answer

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Answer

Market validation lets a startup quickly test whether customers actually want the product, so the team can avoid building something nobody will buy. By surveying a small group or launching a minimal version, the founders learn real user needs and price points before investing heavily. This early feedback prevents costly mistakes, saves time, and keeps resources focused on ideas that have proven demand. For example, a coffee‑shop app that tests a prototype with a handful of users can discover that people prefer a subscription model, saving the company from launching an unpopular one‑time purchase system. Thus, the main advantage is that it reduces risk by confirming market fit early.

Detailed Explanation

Market validation lets you test if people really want your product before you spend time and money building it. Other options are incorrect because Some think validation slows things down, but it actually speeds up the process; Validation is about gathering more feedback, not less.

Key Concepts

market validation
Topic

Performance Impact of Lean Startup

Difficulty

easy level question

Cognitive Level

understand

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